In November, exports rose 22.6% over the same month the year before, which was in line with the 22.4% expansion observed in October. The strong reading marked the ninth consecutive month of double-digit export growth. The November expansion corroborates the healthy state of the external sector, with exports gradually moving towards pre-crisis levels. In November, the moving 3-month sum in exports reached USD 18.3 billion, which was still below the peak of USD 21.3 billion observed in September 2008 but well above the USD 11.9 billion trough recorded in February 2009. A month-on-month comparison corroborates the positive monthly result, as exports expanded 1.5% on a seasonally-adjusted basis, contrasting the 2.6% contraction recorded in October. Meanwhile, imports grew an extraordinary 52.7% annually in November, which was up from the 35.5% expansion recorded in October. As a result of imports growing at a faster rate than exports over November, the trade surplus narrowed to USD 390 million.
Argentina Trade Balance
Trade surplus narrows further in November
December 22, 2010
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Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).